Tuesday, March 26, 2024

Radiowalla Network Limited IPO Details

Radiowalla.in “Radiowalla Network Private Limited” is a book built issue of Rs 14.25 crores. The issue is entirely a fresh issue of 18.75 lakh shares. The IPO opens for subscription on March 27, 2024 and closes on April 2, 2024. It will list on NSE SME. The IPO price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹121,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹243,200.

Narnolia Financial Services Ltd is the book running lead manager of the Radiowalla IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Radiowalla IPO is S S Corporate Securities.

The Objectives of IPO

 To meet out the expenses for Investment in Technology

1. To meet out the expenses for Investment in Technology

2. To meet out the Capital Expenditure for the Company

3. To meet out the Working Capital requirements of the Company

4. To meet out the General Corporate Purposes; and

5. To meet out the Issue Expenses.

About Radiowalla Network Limited 

Incorporated in July 2010, Radiowalla Network Limited provides in-store radio services on a subscription model basis, which includes an exclusive radio channel for a brand. The company also offer corporate radio services, which provide private radio channels for employee engagement within an organisation. Additionally, the company provides advertisement services such as digital signage solution, content management services, and point of purchase advertising to our clients. 

The company provides services directly to other businesses under a Business-to-Business (B2B) model. They have expanded their business into two verticals.

1. Radio Engagement Solutions and Subscription services

2. Advertisement Solutions.

The company offers its services in countries such as UAE, Mexico, Sri Lanka and the Middle East as well.

Radiowalla Network Limited's revenue increased by 33.59% and profit after tax (PAT) rose by 117.36% between the financial year ending with March 31, 2023 and March 31, 2022.

1 comment:

Attestation said...

Thank you for providing such comprehensive details on the Radiowalla Network Limited IPO! Your blog post offers valuable insights into this exciting investment opportunity, from the company's background and financial performance to the IPO process and key dates to remember. As someone interested in exploring new investment avenues, I appreciate the thorough analysis you've provided, including the risks and potential rewards associated with investing in Radiowalla Network Limited. Your clear explanations and breakdown of technical terms make the IPO accessible to readers of all levels of expertise. I also commend your efforts to keep your audience informed about upcoming IPOs, empowering us to make well-informed investment decisions. This blog post serves as a valuable resource for anyone considering participating in the Radiowalla Network Limited IPO. Thank you for your diligent research and for sharing this valuable information—I'm looking forward to following developments in the IPO market